Investment Summary

Africinvest Invests In Broron Oil & Gas

On January 9, 2014, growth capital firm Africinvest invested in oil/gas exploration company Broron Oil & Gas

Investment Highlights
  • This is Africinvest’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Africinvest’s 1st transaction in Nigeria.

Investment Summary
Date 2014-01-09
Target Broron Oil & Gas
Sector Oil/Gas Exploration
Investor(s) Africinvest
Deal Type Growth Capital

Target

Broron Oil & Gas

Lagos, Nigeria
Broron Oil & Gas is an indigenous oil and gas offshore services company which provides offshore support services to International Oil Companies (IOCs), independent and indigenous upstream companies in Nigeria and the Gulf of Guinea. Services provided by the Company include subsea engineering services, diving services, project management, logistics and procurement support services. Broron Oil & Gas was founded in 2002 and is based in Lagos, Nigeria.

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Investor(S) 1

Investor

Africinvest

Tunis, Tunisia

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1994
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Africinvest is a private equity firm focused on growth investments in African companies. The Firm generally targets minority investments in small to medium-sized companies, but Africinvest will consider select majority situations. Africinvest does not have any sector preferences and looks to hold for 4 to 6 years. Africinvest was formed in 1994 and is headquartered in Tunis, Tunisia.

DEAL STATS #
Overall 9 of 54
Sector (Oil/Gas Exploration) 1 of 1
Type (Growth Capital) 4 of 20
Country (Nigeria) 1 of 6
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-11 San Jose Lopez SA

Oiartzun, Spain

San Jose Lopez SA (San Jose & Lopez) is an international freight transport company formed as a result of the merger of Transportes Internacionales San José S.A. and Transportes López S.A. San Jose Lopez is based in Oiartzun, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-08 AXA Mansard

Lagos, Nigeria

AXA Mansard is a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). AXA Mansard products range from Life to Property and Casualty for individuals, commercial solutions for SMEs and corporate organizations. AXA Mansard was founded in 1989 and is based in Lagos, Nigeria.

Sell -
Mergr

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